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20121129
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, everybody, i'm martha maccallum. you've got this. congressman peter king and now senator bob corker say they will ignore the decades old pledge that was signed by 241 house members and senators. he says he believes it is a huge game-changer. >> when you're $16 trillion in debt the only pledge we should make to each other is to avoid becoming greece. republicans should put revenue on the table. we're this far in debt. we don't generate enough revenue. capping deductions will help generate revenue. raising tack rates will hurt job creation. bill: this is the heart of the matter. stuart varney, host of "varney & company". morning to you, sir? >> this is a real shift. one of the two sides had some movement in their position on the tax side of the debate. that side is the republican side. as you heard there from senator lindsey graham, other, and other republican, they are now prepared to accept getting more revenue from the rich. not higher tax rates on the rich but getting more revenue from them by capping deductions. there has been no movement on the other side of the aisle. democrats lik
peter king is live with us in about three minutes on that. martha: new demands as the fiscal cliff approaches about six weeks away now, what democrats are now asking for, democratic congressman bill pascrel is here next. bill: a chilly confrontation that left a couple praying for their lives. why a cellphone video made this guy pull out a gun. >> the vehicle that they were recording was wappin watching them and shortly after pulled alongside of them, pointed a firearm towards them and demanded the phone with the video. bill: a huge fire breaking out at a power plant outside wichita, kansas. a spokesman said it started about 2:00 in the morning inside a piece of high voltage equipment. firefighters say the flames spread to 15,000-gallons of mineral oil. the plant uses it for transformers. look at those flames. so far no reports of any injuries. that is wichita, kansas. martha: u.s. ambassador to the u.n. susan rice going back to capitol hill this morning for more meetings with republican leaders. they are going to talk about her controversial benghazi comments that got so much atten
have been cracking this door a little bit. peter king said over the weekend for instance if i was in congress in 1941 with refrpbl reference to the pledge you made i would have signed a war against japan. i'm not going to attack japan today. the world has changed and the economic situation is different. that from peter kin. about is make it clear, what raising revenues and not tax rates. just on the surface, why do you believe that the door is starting to crack a little bit? why are republicans talking this way? >> two things, the people who are saying that they might vote for a tax increase that bush got talked into in 1990 for return for make believe spending cuts are the same people who said this two years ago, this is a complete media-created frenzy. peter king said this two years ago, lindsey graham said this two years ago. chamblis of georgia said this two years ago. they said all these things all during the negotiations where they tried to undermine where john boehner and mitch mcconnell got 2.5 trillion in spending cuts without a dollar than tax increase and those peop
Search Results 0 to 2 of about 3